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Net Investment in Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Net investment in leases
The Company's net investment in leases were comprised of the following as of March 31, 2020 and December 31, 2019 ($ in thousands):
 
 
March 31, 2020
 
December 31, 2019
Total undiscounted cash flows
 
$
1,035,128

 
$
1,042,019

Unguaranteed estimated residual value
 
340,620

 
340,620

Present value discount
 
(955,369
)
 
(963,724
)
Allowance for losses on net investment in leases
 
(10,403
)
 
—

Net investment in leases(1)
 
409,976

 
418,915

_______________________________________________________________________________
(1)
As of March 31, 2020 and December 31, 2019, all of the Company's net investment in leases were current in their payment status and performing in accordance with the terms of the respective leases. As of March 31, 2020, the risk rating on the Company's net investment in leases was 1.5 (refer to Note 3).
Schedule of future minimum lease payments to be collected under sales-type leases Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, in effect as of March 31, 2020, are as follows by year ($ in thousands):
 
 
Amount
2020 (remaining nine months)
 
$
20,674

2021
 
28,062

2022
 
30,549

2023
 
30,549

2024
 
30,549

Thereafter
 
894,745

Total undiscounted cash flows
 
$
1,035,128
Changes in allowance for losses on net investment in leases Changes in the Company's allowance for losses on net investment in leases for the three months ended March 31, 2020 were as follows ($ in thousands):
Initial allowance recorded upon adoption of new accounting standard(1)
 
$
9,111

Provision for losses on net investment in leases(2)
 
1,292

Allowance for losses on net investment in leases at end of period
 
$
10,403

____________________________________________________________
(1)
The Company recorded an initial allowance for losses on net investment in leases of $9.1 million upon the adoption of ASU 2016-13 on January 1, 2020 (refer to Note 3).
(2)
During the three months ended March 31, 2020, the Company recorded a general allowance for losses on net investment in leases of $1.3 million due to the adoption of ASU 2016-13 (refer to Note 3).